“$1.1m. We will never go lower and this offer is valid for 48 hours. Keep it or leave it.”

That’s the message a small retail business on the East Coast of the U.S. received earlier this summer when it realized it was being held up by a Russian-speaking ransomware gang.

At first the hackers demanded more than $2 million—an overhead that would have left the victim company reeling, according to transcripts of the negotiations with the ransomware gang The Daily Beast obtained. It wasn’t going to work, even with the hackers’ dangling offer that the millions of dollars would be accepted in exchange for unlocking the business’ systems and a promise to not publish or sell their stolen files.

Read more at The Daily Beast.

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